How We Account For Rents and Expenditures For Our Rental Owning Clients

We are very precise about money issues.

As rental property managers it is our solemn charge to keep close track on every penny of rent and each expense. All of us work diligently to make sure that every real estate investor has the documentation to understand exactly where is money is going to and coming from. To accomplish this duty we employ one of the most powerful software tools in our profession: Rent Manager.

We strive to process and deposit rents on the same day they are received. Rents are deposited into an escrow account (not into our operating account). We prepare a monthly statement that shows the rent received as well as any expenses which we have paid on the property owner's behalf. The monthly statement is also available electronically. The statement will show what monies we are holding on behalf of the rental property owner.

There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly statements into a year-end report.  In January we mail the landlords, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Keezletown Property Management Resources

Basics

Fundamental information regarding property management in Keezletown.

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Getting Started

Learn more about getting started with rental property management

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Find A Tenant

List your property to rent to find a great tenant in Keezletown fast.

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Accounting

How does Nesbitt Realty keep track of income and expenses for real estate investors?

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Cost

A list of fees associated with rental management services in Keezletown

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Vetting

How Nesbitt Realty vets tenants for our clients.

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Reserves

What is a contingency reserve account?

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Territory

Where does Nesbitt Realty manage property?

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Clients

Who uses Nesbitt Realty management services?

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Contact

Call (703)765-0300 to speak to a property management specialist now.

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If you have tenants, you have problems.

Nesbitt Realty handles those problems.

Your investment in real estate is a business like any other. As a landlord, you have expenses, income and with perseverance, you also have the expectation of financial reward.

In the business of real estate investment, nearly all cashflow comes from tenants. And that's the catch: If you have tenants, you will have problems. Even the best of tenants have needs and all properties will require maintenance or management at some point. A property management company takes all the hassle out of rental management.

Do you need understand more about the community?

Nesbitt Realty's Guide to Real Estate is a helpful tool for anyone who hopes to learn more about Keezletown and neighboring communities.  The Guide to Real Estate compiles data regarding what has sold and what is on the market, as well as many surprising facts that you may not know.  And, our Guide has many of the benefits of life in Keezletown.  Naturally, most of this is useful for buyers and sellers, but owners and tenants will probably also find these tools to be quite sobering.

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Do you need advice about rental property management?

Talk to one of our experts about rental property in Virginia.